Tohmey:

Welldone sir, I already av account with i-ONE but how do i partake in this dollar fund and moreso what is there minimum invest amount

@Tohmey here is the response directly from the team in charge.

The minimum is 5,000 USD, All the person needs to do is transfer the funds and send us an instruction on the tenor to fix it for

For those interested and who don't have an account with IOne, click the third link on my signature and pick fixed income as the product name to open an account.

heavenisreal18:
Good evening
Pls I have been reading about mutual funds I want to know if it is risk free

Also how do I go about it do I need to get to the bank .pls help

Let's have a chat. My phone number is on my signature. I will also send you a comprehensive voice note to explain in details all about mutual funds.
By the way MMF is in the category of low risk investment, very suitable for beginners.
You can also click the first link on my signature to start.
You don't even need to be in the physical office or the bank.

A Secured And Guaranteed Dollar Investment with Investment One is here!

Reach out to me.

A Secured And Guaranteed Dollar Investment with Investment One is here!

Reach out to me.

A305:
when the rates gets reduced in the future, maybe by then more investors will sign up for the Dollar based MMF or diversify into other investments.

But this current upward trend is scary to me — I use to think maybe it's not only Nigeria because Kenya's MMF rate is currently at 13% - 15% but what's scary about that of Nigeria is the rate at which it is shooting to the moon like we trading crypto here.

I know the Government is trying to mop in cash and also stimulate the economy with these crazy TBill rates, however the bigger picture I am painting here is total collapse of the Naira currency. Zimbabwe currency was a text book example of what I am saying here; this should also be a wake up call.

At this point, I'm starting to think the government can't help it.

Don't be sacred. The economy has a way to balance things up. If you were already conversant with the economy or the capital market in the major part of 2008 and 2009 or even not too long as in 2020 you will understand what I mean. One thing you should know is that at any point in the economic situation in Nigeria, it's an opportunity for you as an investor. it's just for you to identify these opportunities and benefit from them.

A305:
Hello house,

I'm really scared for the economy the way MMF rates keeps spiking everyday like it's bullish cryptocurrency season.

It's an indication that our economy is unhealthy and the inflation is on the increase.

I don't feel good about it.

@A305 enjoy whatever u see while it last. What we are see now is not new. We have seen crazy rates in time past in both sides ie extremely high rates like what you see now and the opposite as seen about three years back where Tbills and MMF were less than 5%
What investors should be focus on now is getting returns that will reduce negative real returns with respect to the current inflation rate.

ceelog:

Hello Emma

Please why do you rep this Norrenbergee?
Do let me know.

You mentioned it alongside SFs.

@ceelog I Rep them because I was recommended and I did my due diligence to see if they met my criteria for such representation. They are SEC-regulated and their products are SEC-registered
Norrenberger is doing well and has been around for the past 5 years but was concentrating on corporate clients, now they wish to build their retail customer base. They are in a group - they own IEI, pension, microfinance bank, stockbroking, and asset management. They also own 60% of Infrastructure Bank.

You can open an account with them for MMF, Dollar fund etc. The account opening form is attached to this post

davit:


With the latest Heritage Bank saga, I'm beginning to think that having more than 5million with a bank is a risk on its own since NDIC won't pay back more than that in case of liquidation.

Doing MMF and co too, I think it is advisable to split the money with different banks if one has more than 5million to invest .

@davit Yes it's good to manage risk but the law regulating fund management differs from that of MDBs. More than one fund manager is advised because of customer satisfaction and operations, not so much because of the safety of your funds. The risk on your funds is guided by the type of fund, not the fund manager. Irrespective of the fund manager, MMF remains a low-risk investment and by law your capital is guaranteed. The investment you see in your MMF is not in cash. The money being collected from investors is invested in short debt instruments like Tbills and Commercial paper and FGN Bonds for fixed-income funds, though there could also be bank deposits. As part of the regulation, you will notice that the collection accounts for all fund managers are mostly systemic important financial institutions. Not all banks can be allowed to go the way of Heritage, so rest assured your MMF is safe and remains a low-risk investment.

The real caution for every investor is to ensure any fund manager you wish to invest with MUST be SEC regulated and the product also SEC approved. Remember having a CAC certificate of company registration is not the same as being regulated by SEC.
Let's be well-guided.

Grupo:


Do you have the email of their customer care? Or do you have their URL, I mean gt fund managers.

infoteam at gtfundmanagers dot com is what I used the last time I communicated with them. You will need a lot of patience o, it could also be otherwise.

Grupo:


I had small money (mutual funds) in my investment one account some years back. I totally forgot about the account.

I just remembered the account now and logged in. And the account is totally empty. Nothing there. I can't even find the mutual funds section again. Is there anyway for me to access my money?

@Grupo this is what happened, the mutual fund business of investment one was sold to GTBank when they were to attain the HoldCo structure. Investment One is no longer in the mutual funds business. Your investment is not lost. It's with GTFund managers. Unfortunately, their portal has been down for a long time now. You can only know what you have in your account by sending mail to their customer care requesting your account statement.

You can look the way of Norrenberger if you want to patronize more fund managers. The form is attached.

SetrakusRa:


I've been trying to open an account with these guys. signed up twice, received an email that they'll get back to me with my details and nothing from there.

It's very annoying how these guys behave.

That is strange. I just opened a dollar and Money market fund for a prospect some few days back and it was done in a matter of hours. The person in question have invested already on same day.

Chat me up to see what could have gone wrong and for a resolution.

https://doclib.ngxgroup.com/Financial_NewsDocs/41402_FLOUR_MILLS_OF_NIGERIA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2024_FINANCIAL_STATEMENTS_JUNE_2024.pdf


Flour Mill Dividend N1.80

David6956:
[color=#006600][/color]which other assets manager will u recommend

I have always recommended

SFS Capital for Fixed Income
Norrenberger for MMF and Dollar fund.
I could follow up on any process with them.

Click on the second link on my signature to open an account with SFS or, fill out the attached form for Norrenberger

freeman67:



I think it's more of lack of knowledgeable and committed personnel than size. This past week will make it about the 4th time I will pay money to their collection account to be credited to my MMF this year alone and it wont. For God sake, the money is sent from my account and my e-account is boldly written as required but they will claim my bank did not include my e-account. Most of this times before I call to complain, I have already sent mails detailing everything and it will be received without reply.


Then after calling them, I will and through the conversation I will discover they actually received the funds. Let's say my Bank did not send you my e account in the remark as you said. I will also discovered they have received the mail stating my details and all and promised to send inform the department in charge of it but that won't happen till I keep calling and calling. Just to get my account credited ooo. That one of last week has still not been credited after acknowledging that they got the funds and me sending all required details before they even asked.


That's fine though, because it made me adjusted in other things I would have done with them. I had their all in one app and I require and patronise all the services in it. It first started with trying to open a stockbroking account with them and it was hellish till when I was no longer interested then I started getting replies to their mails. Then, someone in their pension arm started marketing me to move my pension there. I no longer fancy any drama with them so I had to pend it. The only thing still keeping me with their Asset Management is just their ease of withdrawal once everything is right. If not I would have been far gone from them.

@freeman67 I agree with you. Most financial institutions have lost many good hands because of the Japa syndrome. However, the fact that they are big can't be ruled as well. As I said, having at least two firms or more could just be away to avoid being trapped with any firm.

Batman2412:
Like 2 fund managers with same product eg ucap mmf & fsdh mmf or 2 fund managers with different products eg dlm fif & stanbic mmf?

It depends on your priority it can be the same product or different products.

Stanbic - MMF
SFS - Fixed income fund
Norrenberger MMF and Dollar fund.

Streetinvestor2:
Is axamansard the same as gtbank mmf

No, they are not the same. GT MMF was formerly Abacus MMF managed by Investment One but was sold to GTB when they became a Holdco. Yes, Axamansard was the former GT Assurance.

I think some of the lapses at Stanbic are because of size. They need to look well to match their customers' needs because their customer base is large.

Sometimes, as an investor, it's advised to have at least two fund managers to achieve optimum satisfaction.

Jokay07:
Ok house. Good morning to you all.
I have little amount of N50k doing nothing in my opay account. I know that the money is very small but I just want to ask what can I do with it?
Will it be enough to buy shares or do any investment.?

It's enough to start investment in mutual fund particularly money market fund.

Click the first or second link on my signature or chat me up to invest your 50k and get between 18 to 19% interest per annum with the option of reinvestment of interest evey quarter.

David6956:
I did a top up on my investment on Monday and up till today the investment is yet to reflect in my account...have sent mail, called customer service...


They keep saying close of business it will reflect but still yet to reflect

Please who have experienced this or is experiencing such from standic mmf

Scenarios that could bring about delays in deposits reflecting in investors' accounts.

- Transfer made from a third party's account whose account name is different from the investor's name
- When the e-account number was not used as narration or description
- Card payment
- System glitch at the time of payment.

stronglink:
Good morning to everyone.....Please i need someone to help me differentiate between RI (right issue) and bonuses or bonus shares. what does the shareholders stand to benefit from both of them.

Simply put, Right issue is when quoted companies sell shares to existing qualified shareholders in most cases at a discount price compare to the current price of the stock on the NGX. Here shareholders pay for the new shares.
It's not compulsory you participant in a RI, it's by choice.

Bonus as the name implies is like a gift. This is when companies give extra shares to qualified existing shareholders at the expense of the company. Here shareholders don't pay for the new shares.
Shareholders get Bonus not by choice even if you are not aware your cscs account will be credited with the bonus due you unlike RI where you have to make a choice.

In both cases, your shares increases but for one you pay - RI while the other you don't pay - Bonus.

CHEAPER THIRD PARTY INSURANCE
In association with Norrenberger as a group,
I got some privileges. Talk to me if you need cheaper third-party insurance

I'm here to help. See my contacts on my signature.

CHEAPER THIRD PARTY INSURANCE
In association with Norrenberger as a group,
I got some privileges. Talk to me if you need cheaper third-party insurance

I'm here to help. See my contacts on my signature.

Mankind2024:
PRESCO! PRESCO! PRESCO!
Where is our reward? It's harvesting season! We've sown the seeds, and now we're waiting to reap the fruits of our labor.
Remember, a delay in dividends doesn't mean they're denied.
As Peter Bernstein wisely said, '
"The fundamental law of investing is the uncertainty of the future."
Keep the faith and stay patient. Our harvest will come overnight.

Presco AGM is 6th of June and the payment date same day.

Mfunkynation:

Mansard do me strong thing even with 128k EPS... them get mine
welcome back... I miss you oooo

Mansard has retraced their steps. They are to pay a final dividend of 34kobo to make a total of 40kobo with 6kobo already paid as interim earlier—page 33 of their annual report.

DrAkpa:


So it's not like the money used to invest on the shares goes into the account of the company whose shares is being purchased?

No, not at all. Trading on the shares of listed companies or price rallies benefits shareholders who are involved directly not the companies per se.
The benefit the companies gets is the fact that it increases their value. Which is useful for them in other market transactions and some deals that requires valuation of a company.

2zona:
Who really spends and utilizes these funds invested on the stock market. Like when I purchase shares of say zenith bank worth 1million naira and my account is debited. Whose account is actually credited and what will that 1 million be used for?? I really want to know please.

The stock market is regulated but a very free market where entry (buy) and exit (sell) is easy.

Just as you came in with 1m to buy that is how an investor came into the market to sell zenith bank shares worth 1m or more.
The 1m you brought in goes to the account of the investor that brought in the shares you bought on the floor. The way the money and the shares changes hands that is why we have T+3 days in stock market transactions. When there is a deal, settlement ie clearance is done within three days and the shares you bought settles in your cscs account while the cash of the seller settles in his/her bank account. The whole process is made possible by the stockbroker, NGX, the bank, and the CSCS Plc hence both you the buyer and the other investor the seller pay some charges for the service rendered by these operators and regulators.

Mankind2024:

Meyer pd N0.3
Seplat pd $0.03 cent or N42

Yes, they paid 3cent and based on the conversion rate, the naira equivalent is N39.3. The normal dividend and special dividend amount to N78.6

Macktaob:
Lol, bro thought it’s 18% monthly.

Sometimes when it comes to investment rates like this, some investors go just forget simple interest and start thinking otherwise na wao.

sterlingD:
Abeg any update on the NASCON share bonus?

For anything that has to do with bonuses or sometimes right issue on NGX, you need a lot of patience. It's not as easy or straightforward as it's written on paper or being said.
Too many protocols behind the scene before the new shares will reflect on investors' accounts. The only thing is just to be sure you qualify once confirmed, relax the shares will show up on your cscs when you least expected. This is from experience.

vacanci:


I have stanbic MMF. I am trying to see if I can open another account with another fund manager because when I might be needing my money liquidated from stanbic, the app will not allow above N5 Million per day which is the maximum for the day. I don't want to spend the whole of 5 days to be liquidating small small because the opportunity I need the money for may pass me by.
I understand if I sent request by other method part from online redemption, I could get the money in one piece but it will take up to 5 business days. This will also mean I could miss on an opportunity which may not last more than 3 days in waiting.

What's your thoughts on this

It's not a bad idea to have more than one fund manager. It's advised so that there could be an alternative if there is any issue with one.
You can do SFS fixed income fund or Norrenberger MMF. They both operate the same way but reinvestment is at the end of each quarter, unlike Stanbic which is monthly. You can chat with me if you need further guidance.

vacanci:


I came across this post of yours about FSDH coral fund.
I am wondering if interest is on daily basis, why will they be keeping it and then paying every quarter.

Also the interest that enters for others like IBTC is on daily basis. Eg if I have 100,000 naira today, by next day I am seeing N100,054. Now when the second day interest is being calculated, will it be based on the initial 100k or the 100,054 I already have in my account

@vacanci though I no longer sell for FSDH, the way all MMF works except Stanbic is that your interest is accrued daily and it's paid/reinvested at the end of every quarter, even Stanbic that reinvests at the end of every month pays accrued interest every quarter.

For all MMF except Stanbic, if you pick reinvestment, will not pay interest on the accrued interest but rather on your capital. Your interest will start to earn after the reinvestment is done at the end of the quarter. Using the example you gave, interest will be paid on 100,000 even if your balance shows 100,054. The reason your accrued interest is included in your balance is to let you know that should you wish to terminate your investment, it's what is in your balance that will be paid to you provided your capital has been invested for up to 30 days otherwise you get your capital and less 20% of the accrued interest.

Currently, I'm with Investment One for stocks, Stanbic and Norrenberger for MMF, and Dollar funds and SFS Capital for fixed-income fund.

linecrosser:
Good day everyone. I'm a young girl, a little over 30. I want to start investing in stocks but I don't even know how to start. Pls is there any book, platform where I can learn from. Please help your sister o

Get in touch with the contact on my signature for baby steps on how to start.

Grupo:


Who owns or rather runs it?

Norrenberger is into
Asset Management
Investment Banking
Pensions
Securities
Insurance
They are five now going to six years in business, they bought over IEI. Kindly read more about the managers and board of directors (owners) from the website.

Thank you my Oga.